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20120925
20121003
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Search Results 0 to 3 of about 4 (some duplicates have been removed)
freezes. the aim is to reduce the fiscal deficit by $39 billion. this will be achieved through an increase in the value-added tax rate introduced early this month. and a new tax on lottery winners. with the new budget the government aims to cut the deficit to 4.5% of the gross domestic product in 2013. it aims to lower the rate to less than 3% in 2014 to fulfill its pledge to the european union. but observers say the government may face difficulties to achieve its reduction target this year. they cite sluggish growth in tax revenue due to deteriorating economy that is worse than many analysts had expected. >>> the world's auto makers unveiled their next generation eco-friendly concept cars at the paris motor show. the exhibition opened to the media on thursday, over 270 companies are taking part this year. germany's porsche and bmw debuted concept cars with eco friendly features. models include plug-in hybrids charged from household power out lets. nissan revealed the concept car, powered by fuel cells. the terra comes with a tablet device that serves as key and dashboard. toyota introduce
this month and a new tax on lottery winners. with the new budget the government aims to cut the deficit to 4.5% of the gross domestic product in 2013. it aims to lower the rate to less than 3% in 2014 to fulfill its pledge to the european union. observers say the government may face difficulties to achieve its reduction target this year. they site sluggish growth due to a deteriorating economy than many analysts had expected. let's get a check on the market. prices rose in new york overnight as they cheered spain's effort to fix troubled finances. we got some economic data and what can you tell us about that? >> before i talk about the stock market let me dpgive you the headline figures. the industrial out put fell 1.3%. that's the second straight month of decline and it is worse than whattagists had expected. second of all we also had some inflation numbers. consumer price index fell 0.3% compared with the same month last year and that's the fourth straight month of decline underscoring japan's deflationary trends eaking of e ock market trading let's check where the nikkei average is. it's
-- is only 34%. and the government fiscal deficit is only 1.1% of total gdp. which is just about 1/3 of averages. and i think this is why this credit rating agencies are so confident about the capacity of a korean economy to repay its sovereign debt. better debt ratings could make korean bonds look like a safe haven investment, encouraging in flow from overseas, and causing the yuan to appreciate. we asked how all this affects south korea's economy? we are expecting capital inflows and falling appreciation in the near future which may hurt some exporting farms in korea. but i don't think this is going to be a fatal blow to the korean economy. instead in the long term. i think it will be much easier for korean firms to finance their projects in the international market. and so, this -- credit rating upgrade is kind of benefit to korean economy rather than a concern. >> a small firm in tokyo has built an eco friendly car that runs on both hydrogen and gasoline. the minivehicle was remodeled from the regular gasoline powered car. equipped with hydrogen tank, fuel injector and control
Search Results 0 to 3 of about 4 (some duplicates have been removed)